IDBI Capital
During Aug-26, Indian HRC prices increased by 7.5% MoM to Rs62,000/tonne, backed by strong seasonal recovery creating a multi-year high. Chinese HRC prices increase by 1% MoM to $500/tonne, driven by increase in raw material prices. In Jul-26, Indian steel production increased by 2.1% MoM to 14.4mn tonnes. Estimated Chinese steel output decreased by 8.1% MoM to 77mn tonnes, while estimated global steel production...
More from Metal and Mining
Recommended